Stocks to Watch: Citigroup, Nvidia

Written by: Joseph Woelfel01/07/13 - 5:41 AM EST

Tickers in this article:
BAC C CMC JPM NVDA QCOM ZEP

NEW YORK -- A $10 billion settlement to resolve claims of foreclosure abuses by 14 major banks is expected to be announced as early as Monday, The New York Times reported, citing several people with knowledge of the settlement.

Roughly $3.75 billion of the $10 billion is to be distributed to people who went through foreclosure in 2009 and 2010, the newspaper reported.

All 14 banks , including JPMorgan Chase(JPM) , Bank of America(BAC) and Citigroup(C) , are expected to sign on, according to the Times.

Meanwhile, Reuters reported that Citigroup CEO Michael Corbat has been meeting with regulators in his first months on the job, as he looks to improve relationships and finalize the bank's plan to return capital to shareholders.

Corbat also is expected to name his team of top managers within the next week or so, one of the sources told Reuters.

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